Accounts filed on 31-07-2015

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			Company registration number:07311650
			LOGIC AIM LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 July 2015

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LOGIC AIM LIMITED
BALANCE SHEET
AS AT 31 July 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			7,883				8,533
					7,883				8,533
CURRENT ASSETS
Debtors			11,458				10,348
Cash at bank and in hand			2,826				17,301
			14,284				27,649
CREDITORS
Amounts falling due within one year			(14,437)				(14,586)
NET CURRENT ASSETS					(153)				13,063
TOTAL ASSETS LESS
CURRENT LIABILITIES					7,730				21,596
PROVISIONS FOR LIABILITIES					(112)				(79)
NET ASSETS					7,618				21,517
CAPITAL AND RESERVES
Called-up equity share capital		3			100				100
Profit and loss account					7,518				21,417
SHAREHOLDERS FUNDS					7,618				21,517
For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 3 December 2015 and signed on its behalf.
..........................................................................
C M Atkins
3 December 2015
The annexed notes form part of these financial statements.

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LOGIC AIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents income receivable for services provided in the period, exclusive of Value Added Tax. Fees are recognised as earned in accordance with customer agreements.

Foreign currency

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Fixed assets

A full years depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings: 25% reducing balance basis

Leasehold improvements 10% per annum of cost

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.

Pension scheme

The company operates a defined contribution pension scheme and pensions are charged to the profit and loss account as they fall due.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			10,133
	Additions			350
	At end of period			10,483
	Depreciation
	At start of period			1,600
	Provided during the period			1,000
	At end of period			2,600
	Net Book Value
	At start of period			8,533
	At end of period			7,883

3.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
4.	Ultimate controlling party
	The ultimate controlling party is C M Atkins by virtue of his majority shareholding.